Direxion Daily S&P 500 Bull 3x ETF
SPXL
73 hedge funds and large institutions have $98.9M invested in Direxion Daily S&P 500 Bull 3x ETF in 2020 Q1 according to their latest regulatory filings, with 40 funds opening new positions, 16 increasing their positions, 8 reducing their positions, and 17 closing their positions.
135% more first-time investments, than exits
New positions opened: 40 | Existing positions closed: 17
100% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 8
38% more funds holding
Funds holding: 53 → 73 (+20)
14% more call options, than puts
Call options by funds: $88.7M | Put options by funds: $77.6M
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
1.22% less ownership
Funds ownership: 9.69% → 8.48% (-1.2%)
8% less capital invested
Capital invested by funds: $108M → $98.9M (-$9.13M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$31.9M |
| 2 |
WA
Wealthstar Advisors
Plano,
Texas
|
+$28.4M |
| 3 |
IWP
Insight Wealth Partners
Plano,
Texas
|
+$25.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$19M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$18.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
IMC Chicago
Chicago,
Illinois
|
-$9.83M |
| 2 |
TCM
Traynor Capital Management
Malvern,
Pennsylvania
|
-$6.15M |
| 3 |
Simplex Trading
Chicago,
Illinois
|
-$5.86M |
| 4 |
CG
Cutler Group
San Francisco,
California
|
-$2.02M |
| 5 |
MHS
M Holdings Securities
Portland,
Oregon
|
-$1.09M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MOS
76
MGO One Seven
Beachwood,
Ohio
| – | -$258K | -3,915 | Closed |
|
|
SHIM
77
Stone House Investment Management
Tunkhannock,
Pennsylvania
| – | -$244K | -3,689 | Closed |
|
78
Creative Planning
Overland Park,
Kansas
| – | -$239K | -3,619 | Closed |
|
|
CA
79
Clearstead Advisors
Cleveland,
Ohio
| – | -$234K | -3,541 | Closed |
|
|
WCM
80
Whitener Capital Management
Rocky Mount,
North Carolina
| – | -$229K | -3,480 | Closed |
|
|
BBVA
81
Banco Bilbao Vizcaya Argentaria
Madrid,
Spain
| – | -$201K | -3,043 | Closed |
|
|
IA
82
IFP Advisors
Tampa,
Florida
| – | -$95K | -1,437 | Closed |
|
|
SL
83
Savior LLC
Wellesley Hills,
Massachusetts
| – | -$31K | -467 | Closed |
|
|
VCP
84
Verus Capital Partners
Scottsdale,
Arizona
| – | -$2K | -28 | Closed |
|
85
Wells Fargo
San Francisco,
California
| – | -$56 | -1 | Closed |
|
86
Fidelity Investments
Boston,
Massachusetts
| – | +$56 | +1 | New |
|
|
FIA
87
FNY Investment Advisers
New York
| – | +$56 | +1 | New |
|
|
EWP
88
Engrave Wealth Partners
The Woodlands,
Texas
| – | +$225 | +4 | New |
|
|
FWM
89
Focused Wealth Management
Newburgh,
New York
| – | +$563 | +10 | New |
|
SPXL Hedge Fund Activity: Q1 2020 in Review
73 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Direxion Daily S&P 500 Bull 3x ETF (SPXL) for Q1 2020, worth a combined $98.9M — down 8.5% from $108M a quarter earlier.
Buyers outnumbered sellers: 40 funds opened new SPXL positions and 17 closed out — a net gain of 23 holders — while 16 added to existing stakes and 8 trimmed.
The largest buyer was Susquehanna International Group, adding an estimated $31.9M. The largest seller was IMC Chicago, exiting entirely with an estimated $9.83M sold.
- 73 institutional investors held Direxion Daily S&P 500 Bull 3x ETF (SPXL) as of Q1 2020, up from 53 in Q4 2019.
- Funds reported $98.9M of Direxion Daily S&P 500 Bull 3x ETF stock for Q1 2020, down 8.5% quarter-over-quarter.
- 40 funds opened new Direxion Daily S&P 500 Bull 3x ETF positions in Q1 2020 and 17 closed out, a net change of +23 holders.
- The largest Direxion Daily S&P 500 Bull 3x ETF buyer in Q1 2020 was Susquehanna International Group, an estimated $31.9M added.
- The largest Direxion Daily S&P 500 Bull 3x ETF seller in Q1 2020 was IMC Chicago, an estimated $9.83M sold.
Based on aggregated 13F filings for Q1 2020.